Viacom Beats the Street and Raises Guidance
Credit Agricole Profits Fall 65% on Greek Debt Holdings
Green Mountain Coffee, $GMCR, Gets Blown the Fuck Up After Missing Earnings
Macy’s Reports Better Net Profits; Company Guides higher
Fannie May Losses Widen; Company Asks for $7.8 Billion to Cover Shortfall
HSBC Revenues Fall Over Bad Loans in the U.S.
GM Prfoits Fall 15% in Q3
A New Grecian Formula: SocGen Eliminates Dividend Amid Losses
Profits from the bank fell dramatically in part to their exposure to Greece.
Comments »Priceline Beats The Street by $0.65; Profits More Than Double
Cameco reports in line earnings, strong expectations, so shares tank
I need to read all the fine print, but frankly this is getting stupid. Unless they’re hiding fraud in their numbers, this company will crush all those who doubt her.
Comments »Cameco (TSX: CCO.TO – News) (NYSE: CCJ – News) today reported its consolidated financial and operating results for the third quarter ended September 30, 2011 in accordance with International Financial Reporting Standards (IFRS).
“Cameco performed well during the quarter despite the prevailing economic uncertainty. We realized higher prices on our uranium sales and achieved higher sales volumes resulting in higher adjusted earnings,” said president and CEO Tim Gitzel. “With sales commitments of over 300 million pounds, we are positioned to continue delivering solid financial performance while preparing our assets for the growth we expect in the nuclear industry.
“During the quarter, we undertook several initiatives to advance our strategy to double annual uranium production by 2018 and add value for our shareholders. We signed a memorandum of agreement (MOA) with our Inkai partner to increase total production to 5.2 million pounds annually. We also signed a non-binding memorandum of understanding (MOU) to process all Cigar Lake ore at McClean Lake mill, which we expect will result in a significant reduction in the operating cost.
“We believe in the long-term fundamentals of the nuclear industry and will continue to pursue our strategy in a disciplined manner to ensure we can respond appropriately to evolving market conditions.”
